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After being postoned many times, Value Added Tax or VAT is here to stay. When VAT replaces Sales Tax and a whole lot of other taxes at the state level, it affects all businessmen as it makes a big difference in how business is done in India.

Chapter 3: VAT’s New?

Tax reform is taking the taxes off things that have been taxed in the past and putting taxes on things that haven’t been taxed before.

–Art Buchwald, American Humourist

The biggest step forward and the biggest change in the tax system in India, Value Added Tax or VAT replaced the Sales Tax. The central ...

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